Clipping of news on Brazilian Culture, Law and Citizenship
02/11/2014
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The value of the benefits of home ownership is expected to increase on average 0.5 %
Replacing the Reference Rate ( TR ) in the formula for inflation adjustment of the Guarantee Fund for Time of Service ( FGTS ) of workers by an inflation index may benefit thousands of people with linked accounts , but harm those who want to make a real estate funding . According to Professor Ibmec Nelson de Sousa , if the government has to pay the difference to those who have money in the fund - the fix has been applied by means of lawsuits - the value of the benefits of home ownership is expected to increase on average 0 5% .
According to a quote by Professor Nelson , a property of R$ 190 billion financed by the federal housing program " My House, My Life " today would cost a total of R $ 364,454.19 ( within 20 years) , whereas the correction the current provision ( TR plus average interest rate of 5 % per year) . With interest rates rising to 8 % a year - sources estimate released by the Board of Trustees FGTS the newspaper " O Globo " - the final amount would rise to R $ 421,195.79 . In this case the increase in the final value of the funding would be 15.5 % .
- The value of the property ( at the end of the installment ) will increase , and this increase will cause a large decrease in the borrowing - Marcello said Gonella , professor at Universidade Anhembi Morumbi .
The increase in values , however, would only achieve future funding made with FGTS.
- The change will reach only the Box ( Federal Economic ) and only some financing , using FGTS. These would be mismatched ( with the correction of the grant money for inflation but not by TR as asking workers ) . For all other banks , nothing will change - Nelson explained .
According to Case , 2013 , lines of real estate loans with the Brazilian System of Savings and Loans ( Savings Accounts ) reached R $ 7.8 billion , while loans to money FGTS totaled R$ 2.1 billion . Those made from the Fund Residential Lease ( FAR , " My house, my life," track 1 ) totaled R $ 2 billion . The other sources were R $ 714.4 million. "
The economist and professor of Ibmec Gilberto Braga said that the actions in court asking to replace the TR INPC or IPCA only the remuneration formula accounts FGTS :
- The actions do not stir in the calculation of TR in mortgages . As regards interest , yes , it is possible to increase , but there is no way to predict exactly how much .
Wanted , Caixa Economica Federal and FGTS Board of Trustees did not comment on the matter .
Pressure on Justice helps, but not enough
With the increased number of shares in Justice , the federal government has set up a task force to topple the nearly 40,000 cases across the country . According to " The Globe " , the CEF has asked for help from the Attorney General's (AGU ) to appeal their sentences. The goal is to prevent the matter reaches the Supreme Court ( STF ) .
In a class action lodged last week , the Public Defender's Office ( DPU ) asks the Reference Rate ( TR ) is replaced by an index that reflects the rising prices in the country since 1999, the year in which the TR began to decrease , due to a reduction factor determined by the Central Bank (CB ) . Mario Avelino , President of Easy FGTS Institute , said that although the action has national validity , all workers who suffered losses in your account balances should go to court :
- The more processes have, the higher the pressure.
For Ricardo Pereira Guimarães , labor lawyer and law professor at the Pontifical Catholic University of São Paulo ( PUC - SP ) , however , the pressure of the workers in court is not enough.
- The judiciary is accustomed to the large volume of shares .
Also according to Guimarães , a government proposal may also arise , because it is an election year , since , mathematically , it is undeniable that the injury the employee has accumulated .
Read more : http://extra.globo.com/noticias/economia/valor-de-imovel-financiado-pode-subir-15-se-fgts-for-corrigido-pela-inflacao-11566647.html#ixzz2t0s6s676
Source : Extra - Online
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This article was translated by an automatic translation system, and was therefore not reviewed by people.